how have airplanes changed the way the world does business? choose four answers.

How have airplanes changed the way the world does business?

by making long trips less expensive by making long trips in less time by opening up new trade markets by increasing hiring opportunities by increasing travel options.

What are most likely reason the US corporation would open a factory in China choose four answers?

What are the most likely reason a US corporation would open a factory in China? to take advantage of abundant resources. to take advantage of lower labor costs. to take advantage of favorable tax laws. to take advantage of employment opportunities.

Which statement best describes how globalization connects the world?

Which statement describes how globalization connects the world? The correct answer is letter B: The world is becoming more globalized and connected. Due to modern means of communication and transportation, the world is unified.

Which is the best conclusion that can be drawn about the economies of the US and Western Europe?

9.1 Based on the map, which is the best conclusion that can be drawn about the economies of the US and Western Europe? The US and Western Europe are strong because they have high GDPs.

How does the airplane help us?

how does the airplane help us. The Airplane is the fastest way to travel, Airplanes can travel up to 7,000 mph. They help humans by giving us the ability to easily travel overseas & travel our own continent because of the airplane we can learn more about other cultures and how life is different in other continents.

How might foreign investment be problematic for a transitioning economy?

How might foreign investment be problematic for a transitioning economy? Foreign investment can temporarily slow economic growth.It may be difficult to adjust to another nation’s influence. … It may be difficult to adjust to another nation’s influence.

How does globalization made countries more independent?

How has globalization made countries more interdependent? … – Countries now rely on one another for chances to import. – Countries rely on each other for cheaper products. – One way to measure economic growth is by using GDP, which stands for Countries now rely on one another for chances to export.

Which technologies have made global communication instant?

How has globalization made countries more interdependent? Check all that apply. Countries now rely on one another for vital resources.

What is one major way in which the World Bank differs from a regular bank?

According to this excerpt, what is one major way in which the World Bank differs from a regular bank? The World Bank is a source of financial assistance. The World Bank aims to improve living standards.

Which statement describes the influence of globalization on most economies check all that apply?

The statements that describe the influence of globalization on most economies are the following: most countries are increasingly specializing in production, most countries are becoming more interdependent, and most countries are increasingly influenced more on the foreign sector.

What is one stated purpose of the World Trade Organization?

In brief, the World Trade Organization (WTO) is the only international organization dealing with the global rules of trade. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.

Which statement accurately describes the globalization of markets?

Which statement accurately describes the globalization of markets? National differences in tastes and preferences for consumer products is an important factor that acts as a brake on globalization.

How does globalization affect the world especially in the aspect of international business and trade?

Globalization has resulted in greater interconnectedness among markets around the world and increased communication and awareness of business opportunities in the far corners of the globe. More investors can access new investment opportunities and study new markets at a greater distance than before.

Why international trade is important for global economies?

International trade allows countries to expand their markets and access goods and services that otherwise may not have been available domestically. As a result of international trade, the market is more competitive. This ultimately results in more competitive pricing and brings a cheaper product home to the consumer.

What evidence supports the conclusion that increased globalization is inevitable?

What evidence supports the conclusion that increased globalization is inevitable? take large profits while paying workers low wages.

How airplanes have changed our lives?

How did airplanes change ways of life? It has reduced travel time from one destination to another, affected the costs people are willing to pay for transportation, and changed the experience of traveling by offering luxuries that are not available in other modes of transportation such as vehicles, trains or boats.

Why are airplanes important to the world?

Airplanes have been important to society, because it might be a way of transportation, but they are also a pretty big part of our lives. Wars have been fought with the help of airplanes, trading has been done using airplanes, communication has been connected through the flight of airplanes.

How did the airplane change American life?

How did the auto and airplane change American life? No other means of travel offered such freedom as the auto. … The plane made travel even quicker and more efficient than the car though. Trade was easier, and travel time was cut in half.

Why might Developed countries want to outsource manufacturing and other jobs to developing countries?

Why might developed economies want to outsource manufacturing and other jobs to developing economies? Developed economies can find more inexpensive labor in developing economies.

Why do developing countries suffer most from environment related problems?

The poor in developing countries generally have the least access to clean water sources, and those same populations also may be the most directly exposed to environmental risks such as vector-borne diseases and indoor air pollution from solid fuel use.

Why do developing countries have more pollution?

Air pollution in developing countries tends to be worse than in developed countries because poor countries often lack the technology and resources to fight pollution. … Energy production is one of the most polluting activities because much of the energy production in developed countries comes from coal.

How has globalization affected business?

Globalization has enabled firms to specialize – and to increase the intensity of R&D, innovation and capital in their output. Globalization has made it easier for new companies to start competing with old incumbents. The trade sector has increased the number of people that it employs, both through exports and imports.

How has globalization changed the world?

The most visible impacts of globalization are definitely the ones affecting the economic world. Globalization has led to a sharp increase in trade and economic exchanges, but also to a multiplication of financial exchanges. … This acceleration of economic exchanges has led to strong global economic growth.

How is globalization changing people’s way of life around the world?

In many instances, quality of life has improved for those who live in developing nations. For many developing nations, globalization has led to an improvement in standard of living through improved roads and transportation, improved health care, and improved education due to the global expansion of corporations.

How did Carnegie influence US business and in turn the US economy?

How did Andrew Carnegie influence U.S. businesses and, in turn, the U.S. economy? His steelworks helped the United States become the world’s leading industrial power. … He brought light and electrical power to homes and businesses.

How did innovations in communications change society?

How did innovations in communications technology change business practices and the daily lives of Americans? Businesses were able communicate messages faster. … His inventions helped American life become easier.

Which language of communication is done in the world?

Like it or not, English is the common global language adopted by most international companies. The trouble is that language levels in English vary around the world – even within one organisation.

Why are the World Bank and the IMF relevant for global businesses?

The Bretton Woods Institutions—the IMF and World Bank—have an important role to play in making globalization work better. They were created in 1944 to help restore and sustain the benefits of global integration, by promoting international economic cooperation.

Where does money come from in the world?

Central banks create money either by printing it or by buying bonds in the treasury market. When central banks buy bonds, they usually buy their own country’s treasury bonds, and their purchases are made from banks that own bonds.

Where does World Bank get money?

The bank obtains its funds from the capital subscriptions of member countries, bond flotations on the world’s capital markets, and net earnings accrued from interest payments on IBRD and IFC loans.